The question is how high for this correction?

Cable Update (GBPUSD)

Or, "you're a fool if let yourself get fooled."

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Maybe one more to 1.2315 then test the lows again.....then up IMO. Let's wait how the h4 will close in an hour +.

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Long 1.2290, SL1.2285. Anything below that is toast.

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lower BB hit on h1

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I think this range 1.229 - 1.2320 might be good for scalps in the next 2 hours....we'll see.

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It might dance around this level for the next 2-3 hours (watch 4hr candle in 2.5 hrs) and then we'll see. I'm looking long as long as 1.2288 remain intact.

Cable Update (GBPUSD)

Dunno, Moty. The hourly can retrace to the 200EMA or 333SMA then down. The daily does not look rosy either.

Cable Update (GBPUSD)

If prices go down to 1.2240 (which mean breaking the 1.2288 level) may indicate a BEARISH start to me. I believe we are currently in the 4th wave unless this is actually wave 1 going down....

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Will LONG around 1.2288...

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There's no specified time yet....

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Now watch these f$$king lizards push it up from here.....

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Once this impulse wave is finished at 1.2400, the question is where would it go next? All the way to 1.19 or up 1.27??

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I agree but it keeps knocking at that top too. It'll be a matter of time that top will break as the knocking becomes more frequent. We'll see.

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Yeah, but it ain't a profit until you close that position and the other one goes the right direction. I agree, this pair is very volatile on both ends in the last 3-4 weeks....which is why I'm taking 25-30pip profits if possible. Trade safe.

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I think you went away from you're original trading plan of 30-40 pip profit....

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One more time?

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Hopefully, there's one more push up to 1.2290 before the grand finale down.

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True, but this can easily turn up as long as it doesn't close below 1.2246...we'll see.

Cable Update (GBPUSD)